The Republican. [volume] (Oakland, Md.) 1877-current, 1887-06-11
ECONOMIC PRESIDENTS.
Some Who Have Retired from Their High
Office with Snug Fortunes.

ECtJNOMlC PRESIDEN 5.
Some Who Have Retired from Their High
Office with Snug Fortunes.
There seems to be some conflict in
opinions among writers for the press
just now about the amount of money
Mr.. Cleveland is going to accumulate
in his Presidential term. One writer
the other day declared that the Presi-
dent was finding the expenses of his
position worse than the salary;
another says, on the other hand, that
he will go out with about 100000
saved out of his salary. The fact is
that neither of them know anything
about the matter. Mr.. Cleveland is
not taking every newspaper man into
his confidence about his private affairs.
He is undoubtedly able to live within
his income, and with what money he
had when he came here and the growth
in value of what he has purchased, it
is not improbable that he may 90 out of
the White House with about 800, 1000.
If he does, it will put him just about
on par in the matter of wealth with
the average retiring President Some
of them had more than that, but good
many had less. As rule the average
President is not much of a financier,
and if he accumulates wealth it is be-
cause it gravitates towards him by the
attraction of high position.
President Arthur was a very high
feeder and spent great deal of money
on his table, but he managed to save
about 100000. Garfield was not in
office long enough to save much money.
He left about $4,000, and the gifts Mrs.
Garfield has received have made her a
wealthy woman.
Mrs. Hayes ran the financial end of
the house during Hayes administration,
and that she is financier is proved by
the amount saved out of his salary.
Grant never saved much of his salary,
but the generous gifts of his friends
made him independent. He lost his all
in the Grant-Ward failure. The sale of
his book has placed his wife in an
affluent position again.
When Andrew johnson left the
White House he had about S150,000, a
good deal of which was lost by the
failure of the Freedmen's Bank.
Buchanan left over $250,000 to his
nephews and nieces.
Pierce did not do as well. Fifty
| thousand dollars was his limit and no
one to inherit it.
Fillmore left the White House poor
man, but by second marriage became
wealthy.
John Tyler went to the White House
poor man, but he managed to save
enough out of his salary to live in COM
fort.
James X. Polk left about S15O,000.
AS he had no children Mrs. Polk re-
ceived it all.
Martin Van Buren, did not save much
out of his salary, but left $1,000
Andrew Jackson was counted Il rich
man in his day. The Hermitage, which
he left to his adopted son, is now the
property of the State.
James Monroe died in New York in
solvent
OF the earlier Presidents, Washing
ton was the wealthiest. At his death
his estate was valued at 100000.
Adams was poor, but by his wise,
able management he never suffered
want.
When Jefferson entered the White
House he was wealthy man, but he
lost all his property and died insolvent.
Madison was wealthy when he be-
came President and left a handsome
estate, which Mrs. Madison's son,
Payne Todd. squandercd, and left her
a poor woman.-JacbSonUiJIe (Fla. }
| NeWS.